Wiit SpA (MIL:WIIT) Days Payable : 87.92 (As of Mar. 2024)

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What is Wiit SpA Days Payable?

Wiit SpA's average Accounts Payable for the three months ended in Mar. 2024 was €19.7 Mil. Wiit SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €20.5 Mil. Hence, Wiit SpA's Days Payable for the three months ended in Mar. 2024 was 87.92.

The historical rank and industry rank for Wiit SpA's Days Payable or its related term are showing as below:

MIL:WIIT' s Days Payable Range Over the Past 10 Years
Min: 54.83 Med: 71.1 Max: 136.02
Current: 96.5

During the past 10 years, Wiit SpA's highest Days Payable was 136.02. The lowest was 54.83. And the median was 71.10.

MIL:WIIT's Days Payable is ranked better than
68.4% of 2525 companies
in the Software industry
Industry Median: 49.58 vs MIL:WIIT: 96.50

Wiit SpA's Days Payable increased from Mar. 2023 (73.01) to Mar. 2024 (87.92). It may suggest that Wiit SpA delayed paying its suppliers.

Wiit SpA Days Payable Historical Data

The historical data trend for Wiit SpA's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wiit SpA Days Payable Chart

Wiit SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.62

54.83

62.29

67.02

81.56

Wiit SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															73.01	84.53	117.95	101.81	87.92

Competitive Comparison of Wiit SpA's Days Payable

For the Software - Infrastructure subindustry, Wiit SpA's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wiit SpA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Wiit SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Wiit SpA's Days Payable falls into.

Wiit SpA Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Wiit SpA's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.918	+	18.294)	/	2 )	/	74.312	*	365
=	16.606					/	74.312	*	365
=	81.56

Wiit SpA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (18.294	+	21.122)	/	2 )	/	20.454	*	365 / 4
=	19.708					/	20.454	*	365 / 4
=	87.92

Wiit SpA Days Payable Related Terms

Thank you for viewing the detailed overview of Wiit SpA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Wiit SpA (MIL:WIIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wiit SpA (MIL:WIIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9PC:Germany

Address

Via dei Mercanti, 12, Milano, ITA, 20121

Website

http://www.wiitgroup.com

Wiit SpA is a provider of Hybrid Cloud and Hosted Private Cloud for businesses. The company delivers Cloud Solutions for Critical applications which may have impacts on business continuity, such as Enterprise Resource Planning Market. The company offers a hybrid, hosted private, and public cloud services; cloud services for critical applications; business continuity and disaster recovery services; cyber security services; technology migration programs; digital business transformation services; and services desk and desktop management solutions.

Wiit SpA (MIL:WIIT) Headlines

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